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| Price $9,325,000 | Built/Renov 1994/1996 | Tenant Lowe's |
| Cap Rate 6.00% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
125,357
| Lease Start
01-28-1994
| #Units
1,738
|
| Price/SF $74.39 | Expiration
12-31-2034
| Tenant Type Big Box Retail |
| NOI $559,437 | R. Term 10.1 | Ownership Fee Simple |
| Rent/SF
$4.46
| Increases 5.0%/5/yrs | Pop 5Mi 236,914 |
| Lot/AC 12.80 | Options 6/5yrs/5% | AHHI 5Mi $82,936 |
| | |
Lowe’s is strategically located on Brice Rd, a major retail thoroughfare, with access to a high daily traffic count of 45,800 vehicles. The property is situated 2 miles southwest of Taylor Square, a shopping center that hosts well-known national tenants such as Walmart Supercenter, Sam’s Club, Marshalls, JOANN’s, and Best Buy. It is also adjacent to Brice Park and near Hunters Run Centre. The...
...Build to suit
In location for years
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
Lowe's Companies, Inc. (NYSE: LOW), dba Lowe’s Home Centers, Inc., is an American company that operates a chain of retail home improvement and appliance stores in the United States. Founded in...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 14,867 | 101,485 | 246,177 |
| 2024 Total Population : | 14,024 | 98,405 | 238,869 |
| 2024 Employed Civilian Pop : | 7,761 | 51,992 | 123,016 |
| 2024 Total Businesses : | 214 | 2,746 | 5,864 |
| 2024 Average Household Income : | $ 75,736 | $ 78,635 | $ 88,223 |
| 2024 Total Consumer Spending : | $ 345 M | $ 2782 M | $ 7368 M |
| 2024 Median Age : | 33 | 35 | 36 |
| 2024 Total Households : | 5,108 | 39,664 | 94,092 |
| 2024 Pop Age 25+: Bachelor's Degree : | 2,041 | 12,341 | 33,085 |
| 2024 Average Home Value : | $ 287,331 | $ 265,941 | $ 279,387 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Brice Rd | Gender Rd | 2000 | 13,780 | 0.12 mi |
| Gender Rd | Teapot Ln | 2000 | 20,600 | 0.18 mi |
| Gender Rd | Centennial Dr | 2013 | 23,199 | 0.18 mi |
| Centennial Dr | Delta Marine Dr | 2013 | 2,631 | 0.23 mi |
| Centennial Dr | Canby Pl | 2013 | 2,604 | 0.27 mi |
| Gender Rd | Centennial Dr | 2013 | 23,412 | 0.29 mi |
| Teapot Ln | Volunteer Ct | 2002 | 810 | 0.30 mi |
| Chantry Dr | Gender Rd | 2013 | 4,510 | 0.30 mi |
| 2013 | 2,705 | 0.31 mi | ||
| FREEDOM TRL | Teapot Ln | 2020 | 3,086 | 0.37 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
